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Bitcoin Developers Propose Hierarchical Channels To Boost Lightning Network Scalability

With hierarchical channels, Lightning may overcome its scalability limitations by enabling quick and flexible off-chain resizing of channels.Developers are exploring the use of hierarchical channels to help speed up and make the Lightning Network…

Spiral Releases Q2 Update Detailing Bitcoin Development Kit Milestone, Among Other Advances

The update illustrates that the Bitcoin builder community surrounding Spiral is hard at work.Spiral, the Bitcoin-focused subsidiary of Block, has released its quarterly update. The projects Spiral has launched have released new updates and features…

CleanSpark To Nearly Double Bitcoin Mining Capacity With $144.9M Antminer Purchase

The public mining company has purchased 45,000 Antminer S19 XP miners in line with its goal of reaching 16 EH/s by end of year.CleanSpark Inc., a public Bitcoin mining company, has announced its purchase of 45,000 brand-new units of the Antminer…

Breaking Dollar Hegemony, BRICS Nations Are Leading The World To Hyperbitcoinization

How the emergence of BRICS as an alternative to the U.S. dollar’s global dominance will usher in worldwide bitcoin adoption.This is an opinion editorial by Milan Stanojevic, an elementary school teacher and filmmaker.Since the end of the second…

Arkansas House And Senate Pass Bill Protecting Right To Mine Bitcoin, Goes To Governor For Approval

Arkansas has taken the next step to approve a bill that protects the right to mine Bitcoin, which now heads to the governor’s office.The Arkansas State House has passed a bill aimed at regulating the Bitcoin mining industry in the state. Already…

DCG’s Bitcoin Mining Firm Foundry To Begin Charging Fees For Services

The largest mining pool by hash rate share will no longer offer its services for free, according to a notice sent to clients. Foundry, the Bitcoin mining arm of Digital Currency Group, will stop providing its services for free, according to a…

North Carolina County’s Push To Halt Bitcoin Mining Another Blow To Industry Rattled By Regulation

Buncombe County's plan to halt bitcoin mining for a year would be the latest setback for an industry facing regulatory pressures.Buncombe County commissioners are pushing forward with a plan to impose a one-year pause on Bitcoin and cryptocurrency…

Bank Term Funding Program: A Primer On The Fed’s Shiny New Tool

The debate around whether or not this policy is a form of quantitative easing misses the point: Liquidity is the name of the game for global financial markets. The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin…

Mutiny Wallet Raises Over $300k in Preseed Funding To Build A Private And User-Friendly Bitcoin Wallet

Mutiny Wallet, a web-first and privacy-focused bitcoin wallet, has raised over $300k in preseed funding to build its platform.Mutiny Wallet, a web-first bitcoin wallet, has raised just over $300,000 in preseed funding, which will help them in their…

BTC-Backed Stablecoins Will be An Integral Part Of The Bitcoin Economy

Over-collateralized, bitcoin-backed stablecoins are going to be an integral part of hyperbitcoinization. This is an opinion editorial by David Seroy, founder and president of Old North Capital Fund and a contributor to the Sovryn protocol.It is…

Moon Mortgage Launches Bitcoin Mortgage Product Allowing Investors To Use Their BTC As Collateral

Homes over the price of $1 million in Florida, Texas and Colorado can now be mortgaged with bitcoin as collateral.Lending platform Moon Mortgage has launched its core mortgage product that allows investors to use their bitcoin as additional…

Bitcoin And The Banking Crisis: Can Decentralization Counter The Traditional Economy’s Failures?

As financial institutions’ “too big to fail” mindset erodes, can Bitcoin’s pioneering decentralization save our wealth? This is an opinion editorial by Nikolay Denisenko, co-founder and CTO of Brighty, a Swiss crypto and fiat banking appFor years

Bitcoin Entrepreneurs Introduce Noones, A Super App Aimed At Empowering Financial Freedom In The Global South

Noones plans to utilize messaging, a familiar platform for peer-to-peer trades for the Global South, to empower users with Bitcoin.A team of Bitcoin entrepreneurs have announced the launch of Noones, a new financial communications application aimed…

Fundraiser For Open-Source Bitcoin Development Seeks To Immortalize Classic Bitcoin Writing On Vinyl

“Everyone’s A Scammer” in vinyl form seeks to help support Bitcoin and Lightning open-source development.In a partnership with Voltage, podcaster Guy Swann and longtime Bitcoiner Michael Goldstein have launched a crowdfunding page to raise money…

CleanSpark Reports 22% Increase In Bitcoin Mined For Q1 2023 And Provides Washington Expansion Update

The company continues to grow its hash rate, with a Washington expansion set to facilitate 86MW of mining capacity. CleanSpark, Inc. has released its unaudited Bitcoin mining and operations update for March, 2023. The company announced that it had…